A good kind of mad! Here's MadEats, a Philippine cloud kitchen startup delivering what they call "furiously good eats." They've just raised a $1.7M seed led by Justin Mateen's JAM Fund.
Who else cashed in? Crystal Towers Capital, Starling Ventures, MAIN (Manila Angel Investor Network) and Rebel Fund (a VC fund by Y Combinator alumni) joined in.
👩🏻🍳 Cookin' up a cloud kitchen
Founded in 2020, they're an end-to-end delivery-only startup, which means they have their own online storefront, cloud kitchens and exclusive fleet of riders.
They also create and develop their own set of in-house brands. Right now, they've got six:
😋 More than just foodies
And they're not stopping here. MadEats is also looking to gear up with an end-to-end ecosystem of custom tech (aka, MadKitchenOS) to help be scale and optimize.
They've begun with an automated order routing system to optimize order fulfillment and analytics to see the best-performing brands and dishes.
🍳 Next menu item?
They're looking to build more kitchens across the Philippines' capital region, Metro Manila. Oh, and they're looking to add more brands like smash burgers and Japanese food.
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